USA, Wyoming:

Teapot Dome Oilfield & Geothermal Wells on the Block (Wyoming Business Report)

(Courtesy RMOTC)

The U.S. Department of Energy's testing facility, known to government as RMOTC and to history as the Teapot Dome oilfield will soon be up for sale.

After several months of reviewing documents and alternatives, the DOE has notified Congress that the 9,481 acre field —also known as Naval Petroleum Reserve #3 (NPR3) and most recently as the Rocky Mountain Oilfield Testing Center (RMOTC) — will be auctioned to the highest bidder.
The property also boasts a number of hot water wells. These geothermal features produce hot water from the Ten Sleep and Madison formations.

A minimum bid price for the field is not anticipated, but a conservative sale price of $30-$60 million is estimated. The government's estimate of value will be figured in May of next year at completion of an "upside" study.

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